THOMPSON OKANAGAN BUSINESS NEWS

Penticton Secures Significant Tourism Events

PENTICTON - The City of Penticton has reached agreements to keep two major events as regular parts of the City’s events calendar. “We saw the impact that tourism has on Penticton as we returned to...

BC Housing Starts Drop by 25% in February

BRITISH COLUMBIA - Canadian housing starts rose 13 per cent to 243,959 units in February at a seasonally-adjusted annual rate (SAAR) according to the British Columbia Real Estate Association...

Cedar LNG Receives Environmental Approval

BRITISH COLUMBIA - A BC environmental assessment certificate has been issued to Cedar LNG Partners LP for the proposed Cedar LNG project in northwestern British Columbia, following a joint decision...

Blackwater Gold Mine Gets Green Light From BC

PRINCE GEORGE – All systems are go for the creation of the Blackwater Mine, expected to be the largest gold mine development project in the Cariboo in over a decade. The provincial government has...

Summerland’s Crush Dynamics Named to FoodTech 500

SUMMERLAND - Crush Dynamics Inc., an innovative agritech corporation, has been named to the FoodTech 500. The FoodTech 500 endeavors to be the definitive list of the most ground-breaking global...

BC Farmland Values Increase 8% in 2022

BRITISH COLUMBIA – The average value of Canadian farmland increased by 12.8 per cent in 2022, amid strong farm income, elevated input prices and rising interest rates. The demand for farmland...

BC Housing Market Shows Signs of Recovery

BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) reports that a total of 4,775 residential unit sales were recorded in Multiple Listing Service (MLS) systems in February 2023,...

Canadian Economic Survey Results

OTTAWA - Canada’s economy has fully recovered from the COVID-19 crisis but faces risks from high inflation and global economic uncertainties stemming from Russia’s war of aggression against Ukraine,...

BC Mining Exploration Hit 10-Year High in 2022

BRITISH COLUMBIA – Mining exploration in 2022 hit a 10-year high in expenditures, the British Columbia Mineral and Coal Exploration Survey released March 7 states. The seventh annual survey found...

Bank of Canada Maintains Policy Rate

OTTAWA - The Bank of Canada held its target for the overnight rate at 4½ per cent, with the Bank Rate at 4¾ per cent and the deposit rate at 4½ per cent. The Bank is also continuing its policy of...

UBCO Offers New Doctor of Education Program

KELOWNA - UBC Okanagan has a new graduate degree that will provide educators and leaders an opportunity to advance their careers while staying in their local community. A new Doctor of Education...

A Poll of Canadians on the Average Family’s Taxes

74 Per Cent Of Canadians Surveyed Believe The Average Family Is Being Over-Taxed BRITISH COLUMBIA - The total tax bill continues to rise for the average Canadian family as 74 per cent of Canadians...